Tuesday, August 7, 2018

All 15 Largest Ohio Non-Oil & Gas Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Earnings By August 6, 2018 Generated Six Months Ended June 2018 Total US GAAP Pretax Income (PTI) From Continuing Operations of $16.566 Bil, Down 4.5% From Their Total PTI of $17.338 Bil in Their Six Months Ended June 2017 ........................................................................................

These Same 15 Largest Ohio Non-Oil & Gas Companies Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $7.218 Bil, Down 13.3% From Their Total PTI of $8.329 Bil in Their June 2017 Quarter.  As a Comparison, These Same 15 Companies Generated March 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $9.348 Bil, Up 3.8% From Their Total PTI of $9.009 Bil in Their March 2017 Quarter.

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On the Other Hand, Ohio Has 2 Oil & Gas Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Earnings By August 6, 2018 And They Generated Six Months Ended June 2018 Total US GAAP Pretax Income (PTI) From Continuing Operations of $2.657 Bil, Up a Blistering 97% From Their Total PTI of $1.346 Bil in Their Six Months Ended June 2017 ........................................................................................


From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters as well as for the Six Months Ended June 2018 and June 2017 for the 17 Ohio Companies which have reported their June 2018 Earnings By August 6, 2018 and which have stock market caps above $10 Bil in April 2018.
US US
US US US US GAAP GAAP
GAAP GAAP GAAP GAAP Pretax Pretax
Pretax Pretax Pretax Pretax Income Income
Ohio Company Income Income Better Income Income Better (Loss) (Loss) Better
Market Caps Above $10 Bil (Loss) (Loss) (Worse) (Loss) (Loss) (Worse) Six Months Six Months (Worse)
Releasing June 2018  June Qtr June Qtr % March Qtr March Qtr % June June %
 Earnings By 8-6-18 2018 2017  Change 2018 2017  Change 2018 2017  Change
mils $ mils $ mils $ mils $ mils $ mils $
Oil & Gas Cos
Marathon Petroleum Corp          1,516             824 84%             257             142 81%          1,773             966 84%
MPLX LP             457             193 137%             427             187 128%             884             380 133%
Ohio 2 Oil & Gas Cos          1,973          1,017 94%             684             329 108%          2,657          1,346 97%
Non-Oil & Gas Cos
Procter & Gamble          2,289          2,927 -22%          3,253          3,336 -2%          5,542          6,263 -12%
Progressive Corp             880             555 59%             911             641 42%          1,791          1,196 50%
Eaton Corp plc             694             572 21%             565             467 21%          1,259          1,039 21%
Fifth Third Bancorp             693             494 40%             836             396 111%          1,529             890 72%
American Electric Power             602             567 6%             559             937 -40%          1,161          1,504 -23%
KeyCorp             582             565 3%             478             419 14%          1,060             984 8%
Sherwin-Williams             538             509 6%             303             307 -1%             841             816 3%
Parker Hannifin             498             401 24%             470             315 49%             968             716 35%
Huntington Bancorp             412             351 17%             385             267 44%             797             618 29%
FirstEnergy             382             351 9%             429             409 5%             811             760 7%
Cincinnati Financial             264             128 106%              (50)             276 -118%             214             404 -47%
American Financial Group             260             205 27%             174             223 -22%             434             428 1%
Welltower             167             203 -18%             454             338 34%             621             541 15%
Mettler-Toledo             144             127 13%             117             114 3%             261             241 8%
Cardinal Health         (1,187)             374 -417%             464             564 -18%            (723)             938 -177%
Ohio 15 Non-Oil & Gas Cos          7,218          8,329 -13.3%          9,348          9,009 3.8%        16,566        17,338 -4.5%
Total all 17 Ohio Cos          9,191          9,346 -1.7%        10,032          9,338 7.4%        19,223        18,684 2.9%